- Contract for Von Roll Transformers amounting to US$16.6 million
- Energy sector proves to be a stable growth market once again
--------------------------------------------------------------------------------
Corporate news transmitted by euro adhoc. The issuer/originator is solely
responsible for the content of this announcement.
--------------------------------------------------------------------------------
Company Information/Contracts
Subtitle: - Contract for Von Roll Transformers amounting to US$16.6
million - Energy sector proves to be a stable growth market once
again
Au / Wädenswil, Switzerland (euro adhoc) - 21 January 2010 - Von
Roll, one of Switzerland's longest established industrial companies,
has qualified to be one of the main suppliers of high-performance
transformers to Hydro One Networks Inc., Toronto, Canada. The
cooperation will span the next five years and will include a contract
volume of at least USD 16.6 million.
Hydro One delivers electricity safely, reliably and responsibly to
homes and businesses across Ontario and owns and operates Ontario's
29,000 kilometre high-voltage transmission network that delivers
electricity to large industrial customers and municipal utilities.
Moreover, Hydro One owns and operates a 122,000 kilometre low-voltage
distribution system that serves about 1.3 million end-use customers
and smaller municipal utilities in the province. Hydro One is
wholly-owned by the Province of Ontario.
"The awarding of the contract is based on a long-standing and
trustful business relationship with Hydro One. It confirms that Von
Roll supplies transformers of the highest quality", says Thomas
Limberger, Chairman of the Board of Directors and CEO of Von Roll
Holding AG. "This contract is one more proof that the founding of the
new segment, Von Roll Transformers, was an important strategic
milestone and that Von Roll can compete at an international level."
The value-added chain and expertise of the Swiss industrial group
were therefore decisively expanded to include one of the most
promising and rapidly growing markets. Growth on the transformer
market is driven by strong demand to upgrade and replace antiquated
infrastructure, the push for greater efficiency on Western markets,
and the need for new infrastructure in emerging markets.
About Von Roll Holding AG: As one of Switzerland´s longest
established industrial companies, Von Roll Holding AG focuses on
products and systems for power generation, transmission and
distribution. Von Roll is the global market leader in insulation
products, systems, and services and is represented in 19 countries
with around 3,100 employees at 30 sites.
This press release is based on information currently available.
Unforeseeable risks and influences may lead to discrepancies with
statements portrayed here. Furthermore, rounding differences may lead
to discrepancies in the reported figures.
end of announcement euro adhoc
--------------------------------------------------------------------------------
ots Originaltext: Von Roll Holding AG
Im Internet recherchierbar: http://www.presseportal.ch
Further inquiry note:
Corporate Communications
T: +41 44 204 3034, F: +41 44 204 3039, E: press@vonroll.com
Investor Relations
T: +41 (44) 204 3050, F +41 44 204 3008, E: investor@vonroll.com
Branche: Misc. Industrials
ISIN: CH0003245351
WKN: 324535
Index: SPI, Midcap Market Index
Börsen: SIX Swiss Exchange / official dealing